TFMetals Interviews SRSrocco Report: Key Driver Of The Future Silver Price

The key driver of the future silver price is discussed in my interview with Turd at TFMetals Report.  Most precious metal analysts focus on either technical analysis, market fundamentals or the debt based fiat monetary system as clues to where the price of silver is heading in the future.  However, I believe key to silver’s future value is tied to ENERGY.

To listen to the interview, click on this link (TFmetals Report SRSrocco Interview) or the image below. 

TFmetals Report SRSrocco Icon FIMAGE 2

Here is part of the transcript from our conversation:

TFMetals:  silver investment demand… back to silver and crude. crude oil and energy is biggest input to most manufacturing. from that standpoint silver and crude go together. now hft algos run everything. price of crude and euro with dollar go one-to-one. crude goes up and down via euro. currently down. you logo has EROI, explain in english why that is basis of what you do.

SRSrocco: sure, EROI is energy return on invested or on “energy invested”, Charles Hall coined term.   EROI is the key to living, a person or a company or the Roman Empire. roman empire fell due to EROI. they go so big they couldn’t get more energy. in the 70’s EROI was 30 to 1, now at eagle fort its 5 to 1.   Many oil companies are losing money.  Chevron-Texaco and Conoco-Phillips are majors and they are losing money. we’ve seen peak production in top fields. we’ll go down from here.   EROI is destroying system from within. why I’m big proponent of silver and gold.

TFMetals:  before listener questions… most recent reports, updating trend you’ve been following. u.s. is net importer of phyzz silver.

SRSrocco:  U.S. has been big silver importer for a while. India varies, they change due to investment on bar demand. U.S. silver imports peaked in 2011.  Industrial consumption continues to fall.   Investment demand will drive price, esp when it moves exponentially.  I think speculation that JP Morgan is buying eagles is incorrect. insiders say big buyers are buying silver bullion.. good sign.

To listen to the entire interview, click the link here:  TFmetals Report SRSrocco Interview

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29 Comments on "TFMetals Interviews SRSrocco Report: Key Driver Of The Future Silver Price"

  1. do you know what 1658 means?

    1658 sounds like “yi lu wo fa”, means making fortunes all the way!

    this number is hand-picked! babe!

  2. Steve , Thanks for sharing . Your devotion towards getting out the truth is very much appreciated. The endless flow of sensationalism that is pumped out by and large gets old. Your explanation on the subject of energy related tie ins helps to drive home an important message. Namely that this big party called American embellishment isn’t going to last much longer.

  3. What about the chinese gold quantityThe Pm-Lobby told us 10 000 tonnen.
    Now I read the official data are 1548 tonnen.A little bit different?

    • This quantity is most surely from the PBOC itself and not related govermnent entities like sovereign funds.

      However, it marks clearly that china is still ready to play the same game again and that real dedollarization is not scheduled “soon” so that means bearish for comex prices.

      • @Silverfreaky
        That statement should not be taken seriously. You should not expect that China is going to be more sincere abouts it’s true Gold reserves than the US. Any fool can tell you any number as long as there is no independent audit who confirms those numbers. China has no interest at the current time to disclose it’s true holdings as they still and very actively engaged into Gold acquisition. There will be a time when that could change overnight but nobody knows when that is going to happen and what will be the trigger.

  4. All the PM-Pusher will soon be gone.The next drop go below 1000$.
    Then you can make congratulations to all this experts.

    • That would mean the end of the bear market ! CRB is currently still above its 1999 lows so I guess we will at the minimum test this level (if not break down).

      I see 780 as a possible ultimate low but could it be higher…

    • No, then you can congratulate the manipulators.

  5. Since Obama signed a deal with Iran, we now have another big crude oil player on the world crude oil market. I really don’t see an energy issue for miners within the next 5 to 10 years. I believe a very serious stockmarket crash and/or a severe currency crisis within the same period is more likely to happen than a crude oil shortage. That is not to say that energy won’t ever have an impact on PM prices but for that to happen the cost of energy would have to rise significantly and it doesn’t look like that’s going to happen very soon. Of course things can change quickly in case of a mayor war or another blackswan event but otherwise i think we should rather expect even lower prices for both, gold and silver.

    • It means only 1 million barrels more within 12 months after I do not know whether they will be able to rise their production very quickly.

      However I agree that I would be suprised to see real energy issues before 2020.

    • Max,

      It doesn’t matter what the world is doing, it matters what takes place in the great US of A. Peak oil is coming to global oil production, but the U.S. Shale Oil Fields already peaked at the beginning of this year. I will put a post out about it.

      Expect U.S. domestic oil production to be down 33% by 2020.

      steve

      • In this case, it is the non USA world which is still rising their production led by Saudi Arabia and Iran if not Libya and Irak tomorrow…

        • I don’t think so RD. Like SRS said many times, before 2020 the world will have a serious fossil fuel problem. Take a look at peakoilbarrel.com

          • Not before around 2020 at the earliest (could be 2019 but certainly not 2016 or 2017).

            Commodities are going to be obliterated to all time lows…

      • Sorry Steve. I disagree on that. It very much matters what the world is doing. Yes, PM prices are manipulated by the anglo american banking cartel, the FED and other central banks but when it comes to energy supply the US is not independent. The world economy + the global energy supply + politics determine the price for crude oil on the market, but yes, there’s evidence to assume that the cost for crude will rebound once the shale oil industry is done. That’s by the way what all other oil producing countries are waiting for.

  6. NYSE ARCA GOLD BUGS INDEX (^HUI) -NYSE
    117,21 – 11,35(8,83%) 18:13

    barrick down 11%.Now we see, in what a bubble the PM market was.It remembers me at the new market.And still no end in sight.

  7. I know only one thing.The PM Lobby and miners are part of this game.I told it before.
    The greatest lyers you find in the managment of those miner company and the lobby for the PM-market.

    It is not possible to play such a game without them.

    • Silverfreaky,

      LOLOL….. I gather the otherside of your wonderful logic is that Bankers all tell the truth.

      Silverfreaky… if you were a doctor in this scenario, you would push for cancer and do whatever to destroy healthy tissue.

      LOL

      steve

      • No but they are controlling the game.

        gold stocks are too strong at only 10% down. we need several consecutive days at 15/20% down to hope at least bankruptcy and chinese take over.

        if not the bleeding will continue years after years

  8. I said part of the game.Lyers are both.

    • Silverfreaky,

      Ah… I see. Who controls the printing press my highly intelligent commenter?

      Steve

      • Silverfreaky isn’t totally wrong when he states that the miners are part of the problem. If you disagree then please tell us why the miners do not organize themselves in an umbrella organization in order to fight the system. I don’t know of any such organization and if there is one, it’s completely powerless. It seems that most miners care only for themselves. FM ceo Neumeyer is the only exception as far as i know. He started an attempt to withhold silver but no other mining company was willing to participate. We can bring up a tone of arguments why those other miners wern’t able to participate but that doesn’t change the fact that they are part of the problem as long as they continue to mine more silver every year in spite of the price slump. If some of them go bankrupt which i don’t think they will, it’s also due to their passiveness in fighting a system that continues to exploit their own industry. Investors of physical metal might come to a point where they wish that miners go out of business as this would finally reduce mine supply.

    • Big mining gold firms like barrick are certainly part of the game but idiots like people from miles franklin are not, they are just mere sh it sellers like real estate agents…

      I would just hope that they would shut up definitively

  9. no country can afford to reset now. notice how china and russia are increasing gold reserves in lock steps.

    both china and putin are just playing along and observing the pecking order.

    between all the central banks and sovereign entities, 20000-30000 tons are held. so they can control the gold price by selling to each other.

    china is the most corrupt country in the world.

    so don’t bet on china to be bug savers.

    but despite all this, the bottom is close. don’t think it goes down below 1000, notice silver barely moved at all today! that’s good sign!

    • It will depend on god of money ie wall street and city and they decide : they can put gold at 250 if they want : just blow every support with 5 billion usd sales order.

      indeed, chinese will probably lose the first rank as they will be old before being the leader as they will wait and wait and wait always the best moment and… it will be too late for them.

      china is used to commit mass suicide 🙂

  10. Has anybody noticed what is going on in the World? i know to many the World is U.S.A.
    When the other tiny part whats left of the World sends there first Atom Bomb maybe the Noise will wake you up.
    There are Wars going on in the World and when it hits you,who cares why the Bankster Mafia is doing what.
    WAKE UP TO REALITY!

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